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Indeed, Richards and his partners got a bit of unexpected good news in mid-March. A newly released report uncovered accounting tricks at Lehman Brothers, causing many to compare the defunct investment bank, which failed in September 2008, to Enron. That put the energy company, at least briefly, in the...

Author: /time Magazine | Title: Will Enron Play on Broadway? | 3/25/2010 | See Source »

In a perversion of post-Cold War thinking, the $1 trillion push to build and fly the F-35 isn't driven by huge fleets of hot new warplanes being built by - well, new perpetual bogeyman China or former perpetual bogeyman Russia. Rather, the haste is being driven by Pentagon...

Author: /time Magazine | Title: The Costly F-35: The Saga of America's Next Fighter Jet | 3/25/2010 | See Source »

But pleasure boaters were warned not to touch the water - and for good reason. Recent testing revealed the presence of heavy metals and pesticides, along with cancer-causing PCBs, concentrated in sediment at the bottom of the canal. The magnitude of the cleanup task seemed to call out for federal...

Author: /time Magazine | Title: Postcard from Brooklyn | 3/22/2010 | See Source »

International organizations and local activists say this is leading to severe neglect of the environment. In a March 16 report, the U.N. Environment Programme said the Olympic construction sites are causing irreversible damage to the region's ecosystem. Greenpeace Russia followed with a statement a day later, reporting that the...

Author: /time Magazine | Title: Trouble in Sochi: Russia's Mounting Olympic Problems | 3/19/2010 | See Source »

Now, three years after Kapuscinski's death at the age of 74, fresh questions have emerged about whether the journalist's works were based more in fiction than in fact, causing a firestorm in Poland, where Kapuscinski is considered a national hero. In a new 600-page biography titled Kapuscinski...

Author: /time Magazine | Title: Did a Polish Journalist Mix Fact with Fantasy? | 3/15/2010 | See Source »

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